JorApple CEO Tim Cook on Monday announced that he would be stepping down from the role, adding that the firm’s head of hardware engineering, John Ternus, will taking over the role on September 1, 2026.
While Cook is stepping down from the key role he will still be part of Apple as executive chairman. In his memo sent to employees announcing the move, Cook said he felt it was the “right time” to make the transition.
Tim Cook joined Apple in 1998 and became CEO in 2011, holding the key post for over 15 years. His transition to the role of an executive chairman is similar to moves made by Amazon’s Jeff Bezos and Netflix’s Reed Hastings after they ended their tenures as CEO.
“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” 65-year-old Tim Cook reportedly said in a statement. “I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people.”
Who is John Ternus?
John Ternus, who is set to replace Tim Cook as CEO in September, is Apple’s chief of hardware engineering. It is understood that his overseeing of the tech underlying the iPhone, iPad and Mac for the past five years made him a good fit for the CEO role.
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“I am profoundly grateful for this opportunity to carry Apple’s mission forward,” 50-year-old Ternus said in a statement.
